DA Davidson raised the firm’s price target on CRH (CRH) to $120 from $110 and keeps a Buy rating on the shares. The company’s Q3 was largely as expected with no significant changes to forward estimates, though the firm is raising its price target in consideration of its initial 2026 estimates as well as the overall industry valuation expansion in expectation of improved demand trends in 2025, the analyst tells investors in a research note. The firm adds that it still considers the discount for CRH to Americas materials sector peers as attractive, with a range of capital deployment optionality that includes further scaling opportunity.
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Read More on CRH:
- CRH price target raised to $104 from $95 at Morgan Stanley
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- CRH plc Embarks on Major Share Buyback Program
- CRH price target raised to $120 from $110 at Truist
- CRH narrows FY24 EPS view to $5.45-$5.55 from $5.40-$5.60
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